Morningstar

T. Rowe Price Ultra Short-Term Bond Fund I Class TRSTX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 5.06  /  0.00
  • Total Assets 3.1B
  • Adj. Expense Ratio
    0.200%
  • Expense Ratio 0.200%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 4.48%
  • Effective Duration 0.60 years

USD | NAV as of Oct 08, 2026 | 1-Day Return as of Oct 08, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TRSTX

Will TRSTX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TRSTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TRSTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TRSTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price Ultra Short-Term Bond I holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings TRSTX

More TRSTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.375%

1.51 46M
Government

Federal National Mortgage Association 5.5%

0.90 27M
Securitized

United States Treasury Notes 3.5%

0.86 26M
Government

Brunswick Corporation 0%

0.72 22M
Cash and Equivalents

Columbia Pipelines Holding Co. LLC 0%

0.72 22M
Cash and Equivalents

JPMorgan Chase & Co. 2.947%

0.69 21M
Corporate

Federal National Mortgage Association 5.5%

0.68 21M
Securitized

Bank of America Corp. 4.948%

0.66 20M
Corporate

Sempra 0%

0.66 20M
Cash and Equivalents

Arrow Electronics, Inc. 0%

0.66 20M
Cash and Equivalents

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